Arista Networks (ANET) is due to report their latest quarterly numbers after the close of trading this coming Monday. Let's check out the charts and indicators of this company that is a leader in data-driven, client to cloud networking for large data center, campus and routing environments.
We have not looked at the charts since March 1 and a lot has happened in the past year.
In the updated daily bar chart of ANET, below, we can see that the shares climbed higher the past 12 months with a big upside gap in early November. Prices are testing the declining 50-day moving average line and trade above the rising 200-day line.
The On-Balance-Volume (OBV) line shows an uneven rise from early October but overall tells us that buyers of ANET have been more aggressive. The Moving Average Convergence Divergence (MACD) is below the zero line but it has crossed to the upside for a cover shorts buy signal.